Magna
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Magna - overview
Established
2022
Location
New York, NY, US
Primary Industry
Financial Services
About
Founded in 2022 by CEO Bruno Faviero and CTO Arun Kirubarajan, and based in New York, US, Magna Digital, Inc. doing business as Magna, engages in developing a platform to turn DeFi investments into financial primitives. In February 2026, Kraken, a portfolio company of Citadel Advisors, Jane Street Group, LLC, Wintermure Ventures, Tsao Pao Chee, HSG, DRW Venture Capital, Oppenheimer, Ahimsa VC, BLN Capital, Dedicated VC, Soul Ventures, Socially Financed, The 6ixth Event, Paradigm, Venture Garage, Tribe Capital, Electric Capital, Fidelity Investments, General Atlantic, RIT Capital Partners, Arceau, Raison Asset Management, MAK VC, Flux Capital, Eterna Capital, Mindrock, Money Partners Group Co. , Ltd.
, SBI Investment, Trammell Venture Partners, Blockchain Capital, Digital Currency Group, G1 Venture Capital, and Hummingbird Ventures, acquired Magna from Alchemy Ventures, Alumni Ventures Group, Asymmetric, Ava Labs, Inc. , Blockchain Founders Fund, Circle Ventures, Galaxy Asset Management, Olive Tree Capital, Pioneer Fund, Plug and Play, Polygon Technology, Protocol Labs, Inc. , Protofund, Shima Capital, Solana Ventures, Tiger Global Management, Y Combinator, and Tusk Venture Partners. The company offers its Carta platform for Web3, via which businesses can distribute their token equity to employees, advisors, or investors and manage their cap tables.
Magna Digital's platform features include custom vesting schedules, branded claim portals, employee and investor dashboards, multi-signature support, tax withholding and compliance, and custodian integrations. The firm is also developing crypto-native tools for fund managers. The February 2026 acquisition enables Kraken to expand beyond trading infrastructure by integrating token lifecycle management capabilities to support fundraising, distribution, and long-term token operations within its broader platform. The February 2026 acquisition enables Kraken to expand beyond trading infrastructure by integrating token lifecycle management capabilities to support fundraising, distribution, and long-term token operations within its broader platform.
Primary Industry
Financial Services
Sub Industries
e-Financial, Internet, Accounting/Finance Software, Analytics & Performance Software
Website
www.magna.so
Verticals
Blockchain, Cloud Computing, FinTech, FinTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Magna - employee data
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